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Archive for the ‘International Trade’ Category

Uttar Pradesh to Export 40 Tons of Mangoes to Japan and Malaysia

International Trade, Japan, Malaysia, News

July 16, 2024

Uttar Pradesh is poised to export 40 tons of mangoes to Japan and Malaysia. This announcement was made during the inauguration of the UP Mango Festival 2024 at Awadh Shilp Gram. In a significant milestone for the region, Uttar Pradesh will also export Dussehri mangoes to the United States for the first time in […]

Mombasa Port Reports Significant Surge in Export Activity

International Trade, Kenya, News

July 15, 2024

Exports through Mombasa Port have witnessed a notable 85% increase this year, driven by efforts among regional countries to achieve better trade balance and reduce dependence on imports. The announcement was made at Mombasa Port’s container terminal berth 22, where officials highlighted the substantial growth in export volumes. This surge reflects the collective efforts […]

Vietnamese Wheat Flour Products Approved for Export to Taiwan

International Trade, News, Vietnam

July 15, 2024

Vietnamese wheat flour products have successfully passed stringent examinations for export to Taiwan (China), marking a significant milestone for Vietnamese enterprises. After a comprehensive evaluation lasting over 17 months, the Taiwan Food and Drug Administration (TFDA) has concluded its inspection process, giving the green light for Vietnamese wheat flour products to enter the Taiwanese […]

China’s June Exports Surpass Projections Despite Declining Imports

China, International Trade, News

July 15, 2024

Recent Chinese customs data revealed that in June, exports exceeded expectations, growing by 8.6% year-on-year to USD 307.8 billion. This figure surpassed earlier estimates ranging from 7.4% to 8%. Meanwhile, imports during the same period saw a decline of 2.3% year-on-year, amounting to USD 208.8 billion. The trade surplus for China widened to USD 99 […]

Georgia Boosts Blueberry Exports to EU and UK

Europe, International Trade, News, United Kingdom

July 12, 2024

Georgia’s Ministry of Economy announced on Tuesday its plans to export 500 tonnes of blueberries to the European Union and the United Kingdom as part of a strategic initiative aimed at expanding international market opportunities for local producers. According to Agenda.ge, a significant portion of the blueberry shipment has already been sent to these key […]

China’s Trade Surplus Reaches Record High Amidst Economic Uncertainty

China, International Trade, News

July 12, 2024

China’s export growth reached its highest pace in fifteen months this June, indicating that manufacturers are accelerating orders in anticipation of potential tariffs from a growing list of trade partners. However, imports saw an unexpected decline due to weak domestic demand. This mixed trade data underscores the need for further government intervention as China’s $18.6 […]

Surge in Northern Imports Driven by EV Boom

International Trade, News

July 11, 2024

Recent data from the Trade and Export Promotion Center reveals a significant rise in imports from northern regions, largely attributed to the booming entry of electric vehicles (EVs) and other consumer goods. This upward trend is a promising indicator of robust trade activities and economic resilience. From January to June 2024, imports from the […]

Vietnam-China Trade Projected to Exceed $200 Billion in 2024

China, International Trade, News, Vietnam

July 11, 2024

Vietnam’s trade with China is set to surpass $200 billion this year, driven by strong growth in the first half of 2024. According to the Ministry of Industry and Trade (MoIT), bilateral trade has rebounded significantly, reaching nearly $95 billion in the first two quarters alone. The surge in demand from key markets has […]

Nigeria’s Role in Intra-Africa Trade Highlights Regional Growth

Africa, International Trade, News

July 10, 2024

Nigeria has maintained its position as the fourth-largest contributor to intra-Africa trade in 2023, according to the Africa Trade Report 2024. The report indicates a slight decline in Nigeria’s intra-Africa trade volume, totaling $8 billion compared to $8.2 billion the previous year. Despite this decrease, Nigeria continues to account for a significant share of 4.2% […]

Vietnam’s Export-Import Activities Boost State Budget in First Half of 2024

International Trade, News, Vietnam

July 10, 2024

Vietnam’s state budget received a substantial uplift from export-import activities, amounting to 200.46 trillion VND (8.35 billion USD) in the first half of 2024, reflecting an 8.4% increase from the previous year. This achievement, highlighted by the General Department of Vietnam Customs (GDVC) on July 9, underscores the nation’s strong trade performance amid a dynamic […]

China’s Exports Show Resilient Growth Amid Global Trade Challenges

China, International Trade, News

July 10, 2024

China is poised to report a robust surge in exports for June, marking the sharpest growth in fifteen months. Analysts attribute this acceleration to proactive measures by manufacturers, who are ramping up shipments in anticipation of potential tariffs from key export markets. According to a recent poll of 31 economists, exports are expected to have […]

Thailand Enhances Agricultural Exports to Shanghai Market

International Trade, News, Southeast Asia

July 9, 2024

Thailand is set to elevate its export criteria and agricultural product standards, reinforcing the credibility and quality of the “Made in Thailand” brand. This commitment was announced by the Agriculture and Cooperatives Minister on Monday following a meeting with the chairman of an international trade promotion council in Shanghai. The meeting, part of an […]

China Yet to Become Major Export Destination for Bangladesh

China, International Trade, News

July 9, 2024

Despite a decade of generous preferential trade benefits, China has not emerged as a significant export destination for Bangladesh. In contrast, India and Japan have proven to be valuable export markets for Bangladeshi goods over the years. According to data from the Export Promotion Bureau (EPB), Bangladesh’s exports to Japan reached $1.69 billion in […]

Export-Import Trade Flourishes at Key Seaport

International Trade, News

July 9, 2024

A major seaport in Bangladesh has experienced significant growth in export-import trade during the fiscal year 2023-24 compared to the previous fiscal year. In FY2022-23, the port saw the arrival of 827 ships. This number rose to 846 ships in FY2023-24, surpassing the target of 840 ships by 6. This data was revealed in a […]

Egypt’s Non-Petroleum Trade Deficit Shrinks by 22.9% in Q1 2024

Egypt, International Trade, News

July 8, 2024

The Cabinet’s Information and Decision Support Center has revealed a positive development in Egypt’s non-petroleum trade deficit for the first quarter of 2024, marking a 22.9% decrease to $6.4 billion compared to approximately $8.3 billion in Q1 2023. This improvement is attributed to increased non-petroleum exports coupled with reduced non-petroleum imports. During Q1 2024, Egypt’s […]

Indonesian Minister Clarifies Universal Application of Anti-Dumping Import Duties

Indonesia, International Trade, News

July 8, 2024

Indonesia’s Minister of Trade, Zulkifli Hasan (Zulhas), has clarified that the upcoming increase in anti-dumping import duties will not solely target products from China but will extend to imports from all countries. Addressing the press during his visit to the Rendang Asese Center in Padang, West Sumatra, on Sunday, July 7, 2024, Zulhas emphasized […]

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